Cryonics Technology Market
Global Cryonics Technology Market Size, Share & Trends Analysis Report by Cryoprotective Agents (Permeating Cryoprotectants and Non-Permeating Cryoprotectants), by Method (Slow Freezing, Vitrification, and Ultra-Rapid), by Application (Animal Husbandry, Fishery Science, Medical Science, Preservation of Microbiology Culture, and Conserving Plant Biodiversity), and by End-User (Life Science and Healthcare Facilities, and Research Laboratories) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global cryonics technology market is anticipated to grow at a considerable CAGR of 10.1% during the forecast period. A cryopreservation system is a technology used for the preservation of living cells and tissues at very low temperatures. Cryonics/cryopreservation is the result of the rapid development of science and technology in the healthcare sector. Cryopreservation can be attained by slow freezing, vitrification, and ultra-rapid freezing methods. Cryonics technology is adopted by the medical sector to preserve living body organs which can boost the demand for this technology. The increasing number of organ transplant surgeries is the key factor that is contributing to the growth of the market. According to Pan America Health Organization (PAHO), the facts available show that 53,345 solid organ transplants were performed in the Americas in 2019, nearly 40% of the overall organ transplant performed globally. Corneal transplants are the most frequent in the world and in the Region, where nearly 40,000 are performed each year. However, The lack of qualified/skilled medical practitioners and stringent government regulations are the major challenge for the industry.
Impact of COVID-19 Pandemic on Global Cryonics Technology Market
COVID-19 is an unsurpassed global public health emergency that has affected almost every industry, and the effects are anticipated to impact the industry growth during the forecast period. The spread of COVID-19 has created significant volatility, uncertainty, and economic disruption, resulting in an economic slowdown. The pandemic disrupted operations, supply chains, and distribution systems. Due to pandemic the companies need to develop new products, adapt to rapid and significant technological change and respond to introductions of new products by competitors to remain competitive.
Segmental Outlook
The global cryonics technology market is segmented based on cryoprotective agents, methods, applications, and end-user. Based on cryoprotective agents the market is segmented into permeating cryoprotectants, and non-permeating cryoprotectants. Based on the method, the market is segmented into slow freezing, vitrification, and ultra-rapid. Based on the application, the market is sub-segmented into animal husbandry, fishery science, medical science, preservation of microbiology culture, and conserving plant biodiversity. Further, based on the end-user, the market is sub-segmented into life science and healthcare facilities and research laboratories. Among the end-user, the life science and healthcare facilities segment is anticipated to grow at a remarkable rate due to the various uses in the healthcare field.
Global Cryonics Technology Market Share by Application, 2021 (%)
The Medical Science Segment is Expected to Hold a Prominent Share in the Global Cryonics Technology Market
Based on application, the medical science segment is accounted to hold a prominent market share during the forecast period. The medical segment supports preserving the living body’s organs with the help of cryonics technology. Different Innovations and development in healthcare technologies along with an increase in the rate of different types of diseases, and organ transplants has propelled the medical segment of the global cryonics technology market.
Regional Outlooks
The global cryonics technology market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The North American region is expected to hold a prominent share of the overall global cryonics technology market. The regional growth is attributed to factors such as medical, animal husbandry, and conservation of plant biodiversity in the US market. In addition, well-established healthcare infrastructure, substantial healthcare investment, and high adoption of cryonics technology solutions for different uses are also propelling the global cryonics market for the forecasted period.
Global Cryonics Technology Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Emerge at a Remarkable Pace Among the Global Cryonics Technology Market
The Asia-Pacific is expected to grow at a considerable CAGR during the forecast period. The growing demand and awareness about fertility preservation (FP) for cancer patients and women are major factor that is propelling the global cryonics market. According to the Asian Society for Fertility Preservation (ASFP), cryopreservation programs for oocytes or tissues from cancer patients are available in most countries that have joined the ASFP. Moreover, the presence of well-established clinical labs along with the growing healthcare industry, and infectious diseases in the region, is expected to drive the cryonics market during the forecast period.
Market Players Outlook
The major companies serving the global cryonics technology market are Thermo Fisher Scientific, Alcor Life Extension Foundation, Cryonics Institute, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, geographical expansion, and new product launches, to stay competitive in the market. For instance, in October 2021, Kathairos Solutions partnered with Chart Industries to offer cryonics technology to oil and gas producers. The company aims to provide a simple and seamless way to eliminate methane emissions from remote well sites and production facilities, by using nitrogen to operate remote well site pneumatic devices and process tanks.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cryonics technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Cryonics Technology Market
- Recovery Scenario of Global Cryonics Technology Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1.Global Cryonics Technology Market by Cryoprotective Agents
4.1.1.Permeating Cryoprotectants
4.1.2.Non-Permeating Cryoprotectants
4.2.Global Cryonics Technology Market by Method
4.2.1.Slow Freezing
4.2.2.Vitrification
4.2.3.Ultra-Rapid
4.3.Global Cryonics Technology Market by Application
4.3.1.Animal Husbandry
4.3.2.Fishery Science
4.3.3.Medical Science
4.3.4.Preservation of Microbiology Culture
4.3.5.Conserving Plant Biodiversity
4.4.Global Cryonics Technology Market by End-user
4.4.1.Life Science and Healthcare Facilities
4.4.2.Research Laboratories
5.Regional Analysis
5.1.North America
5.1.1.United States
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1. BioCision
6.2. Cryologics, Inc.
6.3.Cryonics Asia, Ltd.
6.4.Cryonics Institute
6.5.Cryotherm GmbH & Co. KG
6.6.GE Healthcare
6.7.Humai Technologies GmbH
6.8.KrioRus
6.9. Oregon Cryonics
6.10.Praxair Technology, Inc.
6.11.Sigma-Aldrich
6.12.Thermo Fisher Scientific Inc.
6.13.ThermoGenesis Holdings, Inc.
6.14.The Alcor Life Extension Foundation
6.15.VWR International
1.GLOBAL CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY CRYOPROTECTIVE AGENTS, 2021-2028 ($ MILLION)
2.GLOBAL CRYONICS TECHNOLOGY FOR PERMEATING MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
3.GLOBAL CRYONICS TECHNOLOGY FOR NON-PERMEATING MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
4.GLOBAL CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY METHOD, 2021-2028 ($ MILLION)
5.GLOBAL CRYONICS TECHNOLOGY FOR SLOW FREEZING MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
6.GLOBAL CRYONICS TECHNOLOGY FOR VITRIFICATION MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
7.GLOBAL CRYONICS TECHNOLOGY FOR ULTRA-RAPID FREEZING MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
8.GLOBAL CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9.GLOBAL CRYONICS TECHNOLOGY FOR ANIMAL HUSBANDRY MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
10.GLOBAL CRYONICS TECHNOLOGY FOR FISHERY SCIENCE MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
11.GLOBAL CRYONICS TECHNOLOGY FOR MEDICAL SCIENCE MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
12.GLOBAL CRYONICS TECHNOLOGY FOR PRESERVATION OF MICROBIOLOGY CULTURE MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
13.GLOBAL CRYONICS TECHNOLOGY FOR CONSERVATION OF PLANT BIODIVERSITY MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
14.GLOBAL CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15.GLOBAL CRYONICS TECHNOLOGY IN RESEARCH LABORATORIES MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
16.GLOBAL CRYONICS TECHNOLOGY IN LIFE SCIENCE AND HEALTHCARE FACILITIES MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
17.GLOBAL CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
18.NORTH AMERICA CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICA CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY CRYOPROTECTIVE AGENTS, 2021-2028 ($ MILLION)
20.NORTH AMERICA CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY METHODS, 2021-2028 ($ MILLION)
21.NORTH AMERICA CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22.NORTH AMERICA CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
23.EUROPEAN CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24.EUROPEAN CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY CRYOPROTECTIVE AGENTS, 2021-2028 ($ MILLION)
25.EUROPEAN CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY METHODS, 2021-2028 ($ MILLION)
26.EUROPEAN CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27.EUROPEAN CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
28.ASIA-PACIFIC CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29.ASIA-PACIFIC CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY CRYOPROTECTIVE AGENTS, 2021-2028 ($ MILLION)
30.ASIA-PACIFIC CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY METHODS, 2021-2028 ($ MILLION)
31.ASIA-PACIFIC CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
32.ASIA-PACIFIC CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
33.REST OF THE WORLD CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY CRYOPROTECTIVE AGENTS, 2021-2028 ($ MILLION)
34.REST OF THE WORLD CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY METHODS, 2021-2028 ($ MILLION)
35.REST OF THE WORLD CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
36. REST OF THE WORLD CRYONICS TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL CRYONICS TECHNOLOGY MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL CRYONICS TECHNOLOGY MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL CRYONICS TECHNOLOGY MARKET, 2022-2028 (%)
GLOBAL CRYONICS TECHNOLOGY MARKET SHARE BY CRYOPROTECTIVE AGENTS, 2021 VS 2028 (%)
5.GLOBAL CRYONICS TECHNOLOGY FOR PERMEATING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL CRYONICS TECHNOLOGY FOR NON-PERMEATING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL CRYONICS TECHNOLOGY MARKET SHARE BY METHODS, 2021 VS 2028 (%)
8.GLOBAL CRYONICS TECHNOLOGY FOR SLOW FREEZING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9.GLOBAL CRYONICS TECHNOLOGY FOR VITRIFICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL CRYONICS TECHNOLOGY FOR ULTRA-RAPID FREEZING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11.GLOBAL CRYONICS TECHNOLOGY MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
12.GLOBAL CRYONICS TECHNOLOGY FOR ANIMAL HUSBANDRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL CRYONICS TECHNOLOGY FOR FISHERY SCIENCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14.GLOBAL CRYONICS TECHNOLOGY FOR MEDICAL SCIENCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15.GLOBAL CRYONICS TECHNOLOGY FOR PRESERVATION OF MICROBIOLOGY CULTURE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16.GLOBAL CRYONICS TECHNOLOGY FOR CONSERVATION OF PLANT BIODIVERSITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17.GLOBAL CRYONICS TECHNOLOGY MARKET SHARE BY END-USER, 2021 VS 2028 (%)
18.GLOBAL CRYONICS TECHNOLOGY IN RESEARCH LABORATORIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19.GLOBAL CRYONICS TECHNOLOGY IN LIFE SCIENCE AND HEALTHCARE FACILITIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20.GLOBAL CRYONICS TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21.US CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
22.CANADA CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
23.UK CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
24.FRANCE CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
25.GERMANY CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
26.ITALY CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
27.SPAIN CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
28.REST OF EUROPE CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
29.INDIA CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
30.CHINA CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
31.JAPAN CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
32.SOUTH KOREA CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
33.REST OF ASIA-PACIFIC CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD CRYONICS TECHNOLOGY MARKET SIZE, 2021-2028 ($ MIL
